ACFE UK Chapter Annual Fraud Conference 2014

The Association of Certified Fraud Examiners (ACFE) UK Chapter will be holding their 4th Annual Fraud Conference in London on October 1st. The theme for this hugely popular event will be “The future of fighting fraud.” You will hear from a diverse range of speakers, from the Financial Services, Law Enforcement, […] Continue Reading »

ACAMS 10th Annual AML & Financial Crime Conference

  The ACAMS 10th Annual AML & Financial Crime Conference is taking place 29-30 May in London, will host industry’s most influential financial crime experts. Join us for the region’s premiere forum on critical topics ̶ including the EU Money Laundering Directive, international tax initiatives, trade and economic sanctions and virtual attacks. This year’s […] Continue Reading »

BBA Anti-Money Laundering Induction Workshop – Jan 24 2014

This induction workshop is an essential primer for all Officers assuming responsibilities for AML issues. The workshop explores and critiques the main concepts of the UK’s legal framework, POCA and reporting suspicions, Money Laundering Regulations, FCA requirements and industry guidance – key compliance obligations. Date: 24/01/2014  Venue: Pinners Hall, 105-108 Old […] Continue Reading »

Financial Action Task Force – FATF – Members

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.  The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to […] Continue Reading »

United Kingdom – Know Your Customer (KYC) Rules

  The United Kingdom (UK) plays a leading role in European and world finance and remains attractive to money launderers because of the size, sophistication, and reputation of its financial markets. Although narcotics are still a major source of illegal proceeds for money laundering, the proceeds of other offenses, such […] Continue Reading »

What is the UK definition of a PEP?

Politically exposed foreign person or PEP (UK)   The UK definition of a PEP, as found in the UK Money Laundering Regulations 2007 are as follows: (Note: the Joint Money Laundering Steering Group use this when issuing their Guidance Notes.) Section 14(5) paragraph (4), defines a PEP as “a politically exposed […] Continue Reading »